B.C. forecast to reach record high $11.6B deficit this year

['Emily Joveski', 'Emily Joveski Is The Provincial News Reporter For Vista Radio', 'Based In Victoria B.C. She Has Worked In Radio For More Than A Decade', "Was Previously On The Airwaves As A Broadcaster For The Canadian Press In Toronto. When She'S Not At Her Desk", 'She Might Be Found Exploring Vancouver Island Or Loitering In A Local Book Store.'] My Prince George Now 2025-09-16 00:12:22

The deficit is expected to balloon to $12.6 billion next year and $12.3 billion the following year. She said the revenue forecast is lower mainly because of the elimination of the consumer carbon tax, which reduced revenue by $1.8 billion. The budget update comes amid escalating job action by public service workers with the B.C. BCGEU President Paul Finch said Monday the latest update confirms the importance of investing in public service workers, particularly in the resource sector. “Public service workers are crucial to driving B.C.’s economy forward.